Ontario Cleans Its Hands Of Coal  

Posted by Big Gav in , ,

Cleantechnica has an encouraging report from Canada - Ontario Cleans Its Hands Of Coal.

The Ontario government announced on Friday that it will introduce legislation next week to ban the burning of coal and the building of new coal plants. The Canadian province expects to have completely outgrown coal by 2014, thanks to a combination of efficiency, nuclear, natural gas and an ambitious renewables program – and to save C$4.4 billion per year (US $4.2 billion) in “externalities” like health costs, from having done so. Read more at http://cleantechnica.com/2013/11/25/ontario-cleans-hands-coal/#d2tMrPePLzIp2Tfg.99

RNE reports that a huge coal mine planned for Central Queensland is continuing to be heckled by doubters - Galilee Basin coal struggles against high debt and falling markets.

Queensland Resources Council chief, Michael Roche – who at a Monday press conference described a “perfect storm of a collapse in coal prices, a stubbornly high Australian dollar and very high costs – has questioned Greenpeace’s motivations, as well as its position “to make a call on whether it’s a good time or not a good time to be investing in a new coal mine.”

But as Greenpeace’s Julien Vincent and Erland Howard noted in RenewEconomy last month, they are not the only ones. “Investment banks and analysts such as Macquarie, who have been close to companies pursuing coal projects in the Galilee Basin have described the chances of the Galilee being opened up to coal mining as ‘increasingly remote’.”

Matthew Trivet, a coal market analyst at stockbrokers Patersons, agrees. “In the thermal market, it’s going to be quite difficult to see a lot of these greenfield or peripheral basins coming on line,” he told ABC’s Lateline. “You are going to need significantly higher prices to justify the huge amount of [capital expenditure] and the long lead times.”

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (607) global warming (396) solar power (379) peak oil (343) renewable energy (258) electric vehicles (222) wind power (185) ocean energy (163) csp (157) geothermal energy (144) solar thermal power (144) smart grids (139) tidal power (137) coal seam gas (130) oil (130) solar pv (127) energy storage (126) nuclear power (126) lng (116) china (113) geothermal power (112) iraq (112) green buildings (109) natural gas (108) agriculture (88) oil price (79) biofuel (78) smart meters (72) wave power (71) uk (68) electricity grid (67) coal (63) energy efficiency (63) google (57) bicycle (51) internet (51) shale gas (49) surveillance (49) food prices (48) big brother (47) thin film solar (42) canada (40) biomimicry (39) scotland (38) ocean power (37) politics (37) shale oil (37) tesla (37) new zealand (35) air transport (34) algae (34) water (34) concentrating solar power (32) queensland (32) saudi arabia (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) arctic ice (29) population (29) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) carbon tax (22) economics (22) limits to growth (22) coal to liquids (20) distributed manufacturing (20) indonesia (20) iraq oil law (20) lithium (20) origin energy (20) brightsource (19) buckminster fuller (19) rail transport (19) ultracapacitor (19) exxon (18) santos (18) ausra (17) michael klare (17) atlantis (16) cellulosic ethanol (16) collapse (16) electric bikes (16) iceland (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) psychology (15) brazil (14) fertiliser (14) lithium ion batteries (14) al gore (13) ambient energy (13) biodiesel (13) bucky fuller (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) toyota (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) tinfoil (10) volt (10) afghanistan (9) alaska (9) antarctica (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) arrow energy (8) big oil (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)